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RootData Top 50 Item Ranking Surge List: WalletConnect in First Place, SphereOne in Second

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September 18, 2024
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ChainCatcher News: WalletConnect Tops RootData's Project Ranking Surge

According to data from RootData, a Web3 asset data platform, WalletConnect has climbed to the top of the project ranking surge list, gaining 615 positions as of 5:00 PM on September 18th. SphereOne follows in second place with a rise of 597 positions, while Ducat takes third with a 595-position increase.

Further, according to RootData, WalletConnect is an open protocol that enables secure communication between wallets and dApps (Web3 applications). The protocol utilizes bridge servers to establish a remote connection between two applications and/or devices, relaying payloads. These payloads are symmetrically encrypted through a shared key between the two peers.

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